Yeomans Consulting Group Inc. Buys Shares of 4,936 United Airlines Holdings, Inc. (NASDAQ:UAL)

Yeomans Consulting Group Inc. purchased a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,936 shares of the transportation company’s stock, valued at approximately $479,000.

Other institutional investors have also modified their holdings of the company. Global Trust Asset Management LLC acquired a new position in United Airlines during the third quarter worth $29,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of United Airlines during the 2nd quarter worth $30,000. Armstrong Advisory Group Inc. acquired a new position in shares of United Airlines during the 3rd quarter worth $36,000. Winch Advisory Services LLC acquired a new stake in United Airlines in the 4th quarter valued at about $38,000. Finally, Blue Trust Inc. increased its holdings in United Airlines by 108.6% during the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insider Transactions at United Airlines

In related news, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the transaction, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the sale, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.63% of the company’s stock.

United Airlines Price Performance

Shares of United Airlines stock opened at $103.00 on Friday. The stock has a market capitalization of $33.87 billion, a P/E ratio of 10.92, a PEG ratio of 0.77 and a beta of 1.44. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.99. The business’s fifty day moving average price is $98.88 and its 200 day moving average price is $70.51. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the business earned $2.00 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts anticipate that United Airlines Holdings, Inc. will post 12.7 earnings per share for the current year.

United Airlines announced that its board has initiated a stock buyback program on Tuesday, October 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the transportation company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have issued reports on UAL. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. TD Cowen increased their target price on United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Sanford C. Bernstein boosted their price target on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Citigroup lifted their price objective on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Bank of America boosted their target price on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, United Airlines presently has an average rating of “Buy” and an average price target of $107.70.

About United Airlines

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.